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Cocoa producers Ivory Coast, Ghana, others should join forces to control supplies

Cocoa producers Ivory Coast, Ghana, others should join forces to control supplies

TOP cocoa producers Ivory Coast and Ghana need to control supplies and join forces with other producing countries if they want to achieve higher prices, the head of the International Cocoa Organisation (ICCO) said. Speaking at the Chocoa sustainable cocoa conference, Michel Arrion said Ivory Coast and Ghana recently acknowledged the need to control cocoa supplies, but they could be scuppered if other producers increase output. "Ivory Coast and Ghana with 65% of world production are still price takers, if they were 90% they wouldn't be price takers, so we need more producers (on board)," Michel told Chocoa participants via…
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